Formed By Three Recent Acquisitions, Edison Int'l Says Launch of New Broker-Consultant Edison Energy Fueled By Lack of "Trusted Partners" For C&I Customers
March 29, 2016 Email This Story Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
Edison International formally launched its new energy management, broker, and consulting company yesterday, Edison Energy, revealing that Edison Energy has made three recent acquisitions to jumpstart the business
Specifically, Edison Energy has acquired:
• Altenex, based in Boston, Mass., -- A provider of comprehensive renewable energy advisory and procurement services to its clients, featuring a proprietary market access platform where over 500 renewable energy developers with more than 4,500 wind, solar, biomass and hydro projects compete for their clients’ business. The company typically negotiates long-term power purchase agreements for renewable energy on behalf of their large corporate clients.
• ENERActive Solutions, based in Asbury Park, N.J. -- A full- service energy consulting, engineering, and project development firm specializing in the analysis, design, development, and installation of energy efficiency projects, building system optimization projects, and power generation solutions for optimization and environmental control. Clients include colleges, universities, K-12 schools, government, high tech/data centers, industrial sites, hospitals and health care facilities.
• Delta Energy Services, based in Dublin, Ohio -- A provider of custom energy consulting services to large energy users, typically corporations with at least $1 billion in revenue. Consulting areas include energy procurement, energy data management, renewable energy integration and energy policy analysis.
Edison Energy combines these three firms with SoCore Energy, a Chicago-based provider of commercial and industrial solar portfolio development that was acquired by Edison International in 2013.
Edison Energy seeks to develop "energy as a service," with a report presented by Edison Energy based on surveys and discussions of medium and large C&I customers concluding that, "[i]n time, energy will not be sold as a commodity but instead delivered as a comprehensive service."
Edison Energy said that it will offer a broad spectrum of services, managing clients' entire energy portfolio, reducing complexity, and delivering on increasingly important sustainability objectives.
Edison Energy said that its entry into the space was driven by, "the absence of trusted advisors and partners to help companies steer through the complex array of energy options," with more than 40% of companies stating the lack of a credible partner as a major barrier to making new investments in energy, per its survey.
Allan Schurr serves as President of Edison Energy. Previously, Schurr was Vice President of Energy and Utilities & Industry Client Leader
Schurr previously served as Product GM, Consumer Markets at PG&E Energy Services, and has held various positions at Pacific Gas & Electric, Itron, and Silicon Energy